I unplugged the dryer and checked the resistance of the thermistors and heating element which resulted in verifying that the issue was an open circuit of the heating element. I removed the element and found it badly warped, and the coil had a break in it. It had been replaced previously with a cheap substitute which lasted only a few years. This time, I replaced with an OE element. When it arrived, the difference was obvious. The metal frame of the OE unit is much thicker than on the one I removed. The heating element on this dryer is easily accessible after removing the front cover below the door. The procedure is straight forward and took around 15 minutes. I took a little bit of force to pull out the old element due to it being warped. If you do this repair, make sure to unplug the dryer as mentioned, and be careful working around the sheet metal housing that holds the heating element as the edges are sharp.